Zerodha Vs Alice Blue Share Broker Comparison
The side-by-side comparison of Zerodha and Alice Blue Financial Services stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and Alice Blue's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Zerodha and Alice Blue.
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Zerodha |
Alice Blue Financial Services |
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| About the Broker |
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...  |
Incorporated in 2006, Alice Blue is a Bangalore based financial service provider. AliceBlue is a discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) throu... |
Type of Broker
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Discount Broker |
Discount Broker |
| Supported Exchnage
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NSE, BSE, MCX and NCDEX |
BSE, NSE, MCX |
| Account Type
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Standard Plan |
F20 |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Zerodha |
Alice Blue Financial Services |
| Trading Account Opening Fees
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₹300 |
Equity ₹310 | Commodity ₹120 |
| Trading Account AMC
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₹0 (Free) |
₹0 |
| Demat Account Opening Fees
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₹100 |
₹0 |
| Demat Account AMC
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₹300 |
₹0 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Zerodha |
Alice Blue Financial Services |
| Account Type |
Standard Plan |
F20 |
| Fixed Charges
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| Equity Delivery Brokerage
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₹0 (Free) |
₹0 (Free) |
| Equity Intraday Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order or 0.01 whichever lower |
| Equity Futures Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order or 0.01 whichever lower |
| Equity Options Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order or 0.01 whichever lower |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order or 0.01 whichever lower |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order or 0.01 whichever lower |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order or 0.01 whichever lower |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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₹0 |
₹0 |
| Other Brokerage Charges
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Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS |
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| Call & Trade Charges
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₹20 per executed order |
₹20 per executed order |
Taxes
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Zerodha |
Alice Blue Financial Services |
| Securities Transaction Tax (STT)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Zerodha |
Alice Blue Financial Services |
| Equity Delivery
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NSE ₹325 per crore | BSE ₹1 per trade (each side) |
NSE ₹325 per crore | BSE ₹1 per trade (each side) |
| Equity Intraday
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NSE ₹325 per crore | BSE ₹1 per trade (each side) |
NSE ₹325 per crore | BSE ₹1 per trade (each side) |
| Equity Futures
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NSE ₹210 per crore | BSE ₹1 per trade (each side) |
NSE ₹210 per crore | BSE ₹1 per trade (each side) |
| Equity Options
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NSE ₹5300 per crore | BSE ₹1 per trade (each side) |
NSE ₹5300 per crore | BSE ₹1 per trade (each side) |
| Currency Futures
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NSE ₹135 per crore (0.00135%) |
NSE ₹135 per crore (0.00135%) |
| Currency Options
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NSE ₹4400 (on premium) per crore (0.044%) |
NSE ₹4400 (on premium) per crore (0.044%) |
| Commodity
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Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore |
Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore |
Exposure
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Zerodha |
Alice Blue Financial Services |
| Equity Delivery
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1x (no margin) |
3x (A category) |
| Equity Intraday
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Up to 20x (based on the stock) |
Up to 20x (based on the stock) |
| Equity Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Intraday - 3x Buy & 10x Sell, Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Intraday - 10%(10x), Carry forward - 100%(1x) of Total span margin |
Share Broker Features
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Zerodha |
Alice Blue Financial Services |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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Kite Web, Kite Android/iOS, Pi, Coin |
Front End: ANT | Back End: Omnesys NEST |
| Intraday Square-off Time
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3:10 PM |
Equity: 3:15PM |
| Other Features
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Direct Mutual Funds |
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Broker Ratings (Average User Rating)
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Zerodha |
Alice Blue Financial Services |
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327 Customer Reviews  |
15 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Zerodha is Rated 3.8 / 5 based on 327 customer reviews |
Alice Blue is Rated 4.5 / 5 based on 15 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Zerodha |
Alice Blue Financial Services |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Customer Service Offered
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Zerodha |
Alice Blue Financial Services |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Zerodha |
Alice Blue Financial Services |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Zerodha |
Alice Blue Financial Services |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Zerodha |
Alice Blue Financial Services |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Zerodha |
Alice Blue Financial Services |
| Pros
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- Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
- Excellent trading platforms made available for free to all its customers.
- Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
- Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
- 10% referral credit for reffering new customers.
- Direct Mutual Fund Investment is available.
- Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.
More Advantages... |
- Discount stock broker.
- Most advance trading platform.
- Free equity delivery trades. No brokerage.
- 01% or Rs 20 whichever is less brokerage for intraday and F&O.
- Up to 20x margin in equity intraday.
- Demat AMC is free for lifetime for all customers.
More Advantages... |
| Cons
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- Doesn't provide stock tips, research reports or recommendations.
- Call & Trade is charged at extra Rs 20 order.
- Doesn't provide options to invest in IPO, Bond and NCD's public offers.
- Margin funding is not available.
- GTC/GTD not available in Equity.
More Disadvantages... |
- Online Mutual Fund investment is not available.
- Margin funding is not available.
- Good Till Cancelled (GTC) orders not available.
- Call & Trade is available with additional cost of ₹20 per order.
More Disadvantages... |
| Reviews
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Useful Articles about Zerodha:
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| Promo / Offers
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Truly free equity delivery trading
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
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Free Equity Delivery Trade + Lifetime FREE AMC Demat Account
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition, get Lifetime Zero AMC Demat Account with no additional cost. To open an account with Alice Blue, simply leave your contact information and Alice Blue representatives will call you. |
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Enquire about Zerodha
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Zerodha
Zero Account Opening Fee